Lawyer Ralph Agyapong, a New Patriotic Party (NPP) member, shared legal insights on radio regarding sections of the Companies Act and company registration procedures.
Ralph, brother to Assin Central Member of Parliament Kennedy Agyapong, addressed recent controversies concerning the planned sale of hotels owned by the Social Security and National Insurance Trust (SSNIT).
The news this week has been dominated by SSNIT’s decision to sell its shares in four hotels to a company owned by Agriculture Minister Bryan Acheampong.
Ralph emphasized the legal concerns surrounding Acheampong’s continued directorship at Rock City Hotels Limited while attempting to purchase shares, given his simultaneous role as minister.
He highlighted that issues of conflict of interest, despite being politically charged, could be based on perceptions rather than concrete evidence.
“Legally, he didn’t need to buy it. There is now the issue of whether the sale had gotten parliamentary approval and whether the TUC was involved in this sale at all.
“For the benefit of law students, as a director so registered at the Registrar General, the appointed person and yourself will be called when an issue arises because a minimum of two directors are needed to register a limited liability company.
“In law, you (as a director) are deemed as a directing mind of the business interest,” he explained stating the the minister’s continued designation as a director needed to be abrogated once he took public office.
“Joe Ghartey and Godfred Dame are well versed in this basic company law issues and they should be educating NPP communicators,” he stressed in an interview on Okay FM on May 23.
[…] also hinted at an impending demonstration he would be leading against the proposed sale of SSNIT hotels to Rock City Hotel Limited owned by the Agric […]